FEATURE : DIGITAL TWINS
By leveraging real-time data and advanced analytics , organisations can uncover bottlenecks , streamline operations , and maximise resource utilisation . The result is improved productivity , reduced costs , and increased competitiveness .
By monitoring assets in real time , organisations can detect potential issues early on and schedule preventative maintenance . This proactive approach helps prevent unexpected breakdowns , reduce unplanned downtime , and extend the lifespan of assets .
“ Companies leveraging Industry 4.0 technologies can report up to 30 % increase in productivity and 20 % reductions in operational costs . Implementing a digital twin offers enterprises the ability to closely monitor and optimise operations with real-time data analysis , leading to more informed decision-making and improved efficiency ,” says PlanRadar ’ s Imam . preventative maintenance . This proactive approach helps prevent unexpected breakdowns , reduce unplanned downtime , and extend the lifespan of assets ,” says AVEVA ’ s Bennett .
Challenges and inhibitors
Implementing any technology presents challenges , and digital twins are no exception . Additionally , the industry faces a talent and skill deficit that cannot be overlooked .
“ A significant hurdle is the high initial investment , which can deter enterprises from adopting this technology . Upgrading legacy systems to modern ones is both costly and complex , often requiring significant customisation , which further increases expenses . Even if these financial barriers are overcome , interoperability challenges may arise due to the varied range of interfaces and protocols within an IT environment ,” explains Cloud Box ’ s Gujje .
Importantly , digital twins also facilitate predictive maintenance , allowing companies to address potential issues before they cause significant disruptions . The ability to simulate different scenarios also aids in planning and resource management , reducing risks and enhancing overall productivity .
“ By monitoring assets in real time , organisations can detect potential issues early on and schedule
As new technology advances , digital twins are rapidly maturing within functional silos . But these bottom-up efforts will fail to converge towards an integrated digital twin of the business without a clear vision and priorities from the top-down .
“ The strategies , priorities , methods and enabling technologies used to create and deploy digital twins are different at various levels of the enterprise value
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